Medium to large business recovery loans - $150 million

This loan scheme will support medium to large businesses, including primary producers, related agricultural businesses, and other businesses critical to their supply chain severely impacted by the disaster events.

Businesses may include large scale primary producers, critical large agricultural supply chain businesses such as meat processors and produce markets and medium to large non-agricultural businesses critical to their industry such as equipment manufacturers and transport companies.

Status

This program is currently under development. 

Administering agency

Queensland Rural and Industry Development Authority (QRIDA). 

Eligible applicants

  • Eligible medium to large businesses that have suffered direct damage to a property, building, plant, equipment or stock as a result of the event.

In the Local Government Areas (LGAs) activated for assistance following the Central, Southern and Western Queensland Rainfall and Flooding, Ex-Tropical Cyclone Seth, South East Queensland Rainfall and Flooding, and Southern Queensland Flooding events.

Funding

$150 million jointly funded (50:50) by the Queensland and Australian Governments under Category D of the Disaster Recovery Funding Arrangements (DRFA).